What is the Difference Between MoU and Agreement — Are They Legally Binding?" 🤝📜 #MoUvsAgreement #LegalDocumentsIndia #MemorandumOfUnderstanding #ContractLawIndia #BusinessAgreement #LegalBindingDocuments #CommercialLawIndia #StartupLawIndia #LexisAndCompany #LegalDraftingIndia #MoUMeaning #AgreementEnforceability 💬 One of the most frequent boardroom buzz questions is: “Sir, we’ve signed an MoU… Is that enough or do we need a full agreement? Is MoU even enforceable?” 🧐🖊️ 📢 Answer: It Depends on the Intent! 😅 An MoU (Memorandum of Understanding) is often a non-binding document that outlines the preliminary understanding between parties before the actual agreement. Whereas an Agreement is legally binding , enforceable under the Indian Contract Act, 1872 . #ContractAct1872 #LegalContractIndia #MoUExplained #BusinessLawBasics 📌 Key Differences Between MoU and Agreement: ✔️ MoU shows intent — Agreement seals the deal ✔️ MoU may not be enforceable — Agreement definite...
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